Why Meet Group Is Down 28% This Year
It's been a pretty rough 2017 for Meet Group's (NASDAQ: MEET) shareholders, as the stock's year-to-date decline approaches 30%. That much of a shake-up usually leaves investors wondering whether the company can turn things around any time soon.
So let's take a quick look at the latest results for Meet, which will shed some light on the company's bearish run, and consider how a key competitor, Match Group (NASDAQ: MTCH), could pose an ongoing problem for the company.
If you're unfamiliar with Meet, the company owns several social media companies, including MeetMe, Skout, Tagged, and Hi5, which allows users to make new social connections and interact with their friends. The company has more than 2.5 million daily active users across its brands and generates the vast majority of its revenue from advertising.
Source: Fool.com
